Lets see if we can have 100% win rate for the month.
I'll do my best to let the tp get hit, but if I'm up some pips and something comes into the market that doesn't look right I'll close at +pips.
Most trades will look like this:
I start with margin call as stop, then may enter one if in profit a decent amount.
Trading chart I'm using looks like this:
I removed pivots and the "Worthless Indicator" so as not to get distracted or over analyze the direction price is heading.
The moving avg does not have anything at this point to do with the trades, see above pic and trade as example.
I wish it did though, look at all the pips you could make just with it alone.
I will be trading the pairs that require the lowest margin requirements with the exception of E/U.
Here is my starting balance and current P/L.
Money management (or lack there of to some) will be as such:
10-15 pips target but May let some part of position run.
No Stop. Margin call in pips is based on % gain on 10 pip move.
50:1 maximum margin available.
1/2% gain per 10 pip move is 1800 pip "stop".
1% equals 800 pips to margin call and 20% balance remaining.
2% is 300 pips and 40% remaining.
2.5% would be 50% of account on margin call and 200 pips for trades to be closed.
I will try to take at least 2 trades a day but If I don't see anything, I'll sit.
